Category: Business
Increase sales to reduce rent as a % of sales
As rent is a fixed cost, increasing sales will reduce the rent cost as a percentage of sales. As a consequence, although the rent ...
How can a tax agent business survive a coronavirus outbreak?
Imagine this scenario - There is a coronavirus outbreak in your city during the busiest time of the year July - September. You will ...
Negotiate lease incentives to cut costs
Leasing incentives are financial concessions or upfront capital payments that landlords make to prospective tenants to entice them to commit to a binding lease ...
Demand a rent reduction – It’s the law
Although your lease agreement is a contract with your landlord, it will contain express (or implied) clauses regarding rent reduction in certain circumstances. If ...
Will an open plan office suit my business?
Open plan offices make use of large, open spaces, and minimise the use of small enclosed rooms. Open plan offices have been adopted by ...
Is hot desking just hype?
Hot desking involves multiple workers using a single physical work station or desk during different time periods. Hot desking is typically used where employees ...
Would a virtual office suit my business?
A virtual office provides businesses with the advantages of a prestigious address, landline phone numbers and team support without committing to dedicated office space. ...
Maximise workspace utilisation
Maximising space utilisation involves reducing workspace inefficiencies to reduce rental expenses without negatively impacting employees. Typical strategies to maximise space utilisation include: Reducing the ...
Negotiate a discount for prepaying 12 month’s rent
Subject to having the available funds, prepaying 12 month’s rent in advance has the following benefits: A 5-10% discount on the years rent expense ...
Sign a long-term commercial lease for rental concessions
Landlords prefer commercial tenants sign long-term leases (greater than 5 years), as this provides them with stability of income and a guaranteed ongoing tenancy. ...